1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alinara [238K]
3 years ago
13

Economics is A. the study of how unlimited resources are allocated to satisfy limited wants. B. the study of how limited resourc

es are allocated to satisfy unlimited wants. C. the study of how the stock market works. D. the study of money.
Business
1 answer:
Lera25 [3.4K]3 years ago
5 0

Answer:

B. the study of how limited resources are allocated to satisfy unlimited wants

Explanation:

According to Professor Lord Robbins, Economics is social science which studies human behavior in relation to ends and scarce means. Economics is the study of how humans allocate limited resources to satisfy unlimited wants.

Human wants are unlimited whereas the resources available to satisfy those wants are limited and as such a  scale of preference would be drawn to determine what wants are to be satisfied first.

Therefore, the right option is B. the study of how limited resources are allocated to satisfy unlimited wants.

You might be interested in
The Hill Company reported the following results:
krok68 [10]

Find the attachments for complete answer

8 0
3 years ago
What benefits do you expect to achieve from career exploration?
lidiya [134]
You expect to find and increase knowledge of  what really fits for you to do for the rest of your career life.
6 0
3 years ago
Art B.Traytor, a member of the American Arbitration Association and long-standing faculty member of the business school of a lar
valentina_108 [34]
The answer would be
6 0
3 years ago
Clampett, Inc., has been an S corporation since its inception. On July 15, 2020, Clampett, Inc., distributed $44,000 to J.D. His
Serjik [45]

Answer:

-$8,600

Explanation:

Data provided in the question:

Distributions = $44,000

Basis = $42,000

Amount of ordinary income allocated = $10,600

Now,

Capital gain from distribution in excess of basis

= Distribution - Basis -  Amount of ordinary income allocated

= $44,000 - $42,000 - $10,600

= -$8,600

here, negative sign depicts there is a capital loss

8 0
3 years ago
It becomes particularly urgent for a company to consider diversification when there are needs to avoid putting all of its "eggs"
Lisa [10]
The answer to this question is <span>diminishing market opportunities and stagnating sales in its principal business.
Companies should only consider diversification if the previous product that thye make is already succesful and they have enough capital to pursue another segment of the market. If the sales is still stagnant,  it best to use the capital to reinvest in the current product until the growth is assured. (or even just stop the production for that product and start pursuing another)</span>
8 0
3 years ago
Other questions:
  • Carrie recently received the Employee of the Year award at the call center where she works as a customer service representative.
    9·1 answer
  • According to the Job Characteristics Model, _____ refers to the job characteristic that reflects the degree to which a job allow
    9·1 answer
  • Vactin corp., a construction company, buys ten truckloads of cement for its new construction project. given this information, th
    11·1 answer
  • A business selling a single service or product needs to indicate as such on the Item List or in the Easy Step Interview.
    6·1 answer
  • If everyone using the same equipment performs poorly, the tendency is to attribute any one person’s poor performance to ________
    15·1 answer
  • Which of the following is the most common traits of entrepreneurs? A. Passionate B. Risk-taker C. Independence D. Self-assured
    10·1 answer
  • Relationship between short and long run in Philips curve
    13·1 answer
  • Suppose there is a simultaneous central bank sale of bonds and increase in consumer confidence. We know with certainty that thes
    14·1 answer
  • Frederick Group uses ABC to account for its chrome wheel manufacturing process. Company managers have identified four manufactur
    9·1 answer
  • Cash equivalents would not include?:
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!